Hong Kong’s Code of Banking Practice Revised
The Hong Kong Association of Banks (HKAB) and the DTC Association (DTCA) launched the revised Code of Banking Practice (Code) on 10 December 2021.
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On November 23, 2021, the Board of Governors of the Federal Reserve System (“Federal Reserve”), the Office of the Comptroller of the Currency (“OCC”) and the Federal Deposit Insurance Corporation (“FDIC,” collectively with the Federal Reserve and the OCC, the “Federal Banking Regulators”) released a roadmap for a joint effort to clarify the legal authority for banking organizations to engage in crypto-related activities (the “Roadmap”).
US Banking Regulators Release Roadmap for Crypto-Related Activities by Banks
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DOJ Sharpens Its Cryptocurrency Enforcement Focus
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Virtual currency and digital asset transactions are taxable in the same manner as other transactions in property. The Internal Revenue Service (the “IRS”) believes, however, that taxpayers transacting in virtual currencies and other digital assets may not necessarily have reported those transactions on their tax returns.
Infrastructure Legislation Expands US Tax Information Reporting to Cryptocurrency and Other Digital Assets
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Antitrust scrutiny of business practices in the fintech industry has mushroomed in recent years as fintech products and companies, both new entrants and existing entities moving into the space, are in the middle of stunning growth.
Heading Into 2022, Fintech Antitrust Strategy Isn’t Optional
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US Financial Regulators Release Much-Anticipated Report on Stablecoins
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This article considers the growing UK sanctions enforcement focus on fintech companies.
Fintech and UK Sanctions Enforcement
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Since its inception, cryptocurrency has been the subject of hot debate. Proponents of more widespread use and investment see tremendous potential for a decentralized but secure medium of exchange with untold implications for global finance.
On November 1, 2021, the President’s Working Group on Financial Markets (PWG) released its much-anticipated Report on Stablecoins (Report). The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) joined the PWG in issuing the Report.
On November 23, 2021, the Board of Governors of the Federal Reserve System (“Federal Reserve”), the Office of the Comptroller of the Currency (“OCC”) and the Federal Deposit Insurance Corporation (“FDIC,” collectively with the Federal Reserve and the OCC, the “Federal Banking Regulators”) released a roadmap for a joint effort to clarify the legal authority for banking organizations to engage in crypto-related activities (the “Roadmap”).
Since its inception, cryptocurrency has been the subject of hot debate. Proponents of more widespread use and investment see tremendous potential for a decentralized but secure medium of exchange with untold implications for global finance.
On November 1, 2021, the President’s Working Group on Financial Markets (PWG) released its much-anticipated Report on Stablecoins (Report). The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) joined the PWG in issuing the Report.
This article considers the growing sanctions enforcement focus on fintech companies.
Regulating Fintech
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This article considers the growing sanctions enforcement focus on fintech companies.
Regulating Fintech
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